Booking.com Takes Critical Step Toward Return to Turkey: Rebooking After 9 Years

According to a report by CNBC-e citing parliamentary sources, a tourism proposal prepared by the AK Party paves the way for Booking.com to offer rebooking services for hotels in Turkey. This regulation could enable the platform's return to the Turkish market after a 9-year hiatus. The proposal is expected to be submitted to the Turkish Grand National Assembly (TBMM) Presidency tomorrow. The regulation aims to increase competition in the tourism sector and facilitate accommodation reservations for foreign tourists in Turkey. Booking.com ceased its operations in Turkey in 2017. The new regulation, allowing the platform to resume services, could create a significant revenue source, especially for small and medium-sized hotels. This is not investment advice.

📊 BKNG — Piyasa Yorumu

■ neutral · 60%

While the news of Booking.com's return to the Turkish market is a positive development, the stock price has already surged 12.9% in the last 24 hours. The RSI at 75.2 has entered overbought territory, increasing the likelihood of a short-term correction or sideways movement. Although the MACD still signals upward momentum, a slowdown is expected. Therefore, the impact of the news appears largely priced in, and short-term direction remains uncertain.

RSI 14

75.3

MACD

5.63

24h Δ

12.92%

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